By Linette Lopez/Business Insider
January 31, 2019

Tesla, the California-based electric-vehicle company, spent $700,000 on private-jet travel for its CEO, Elon Musk, last year, according to documents obtained by The Washington Post.

Musk’s jet, a $70 million Gulfstream G650ER, logged about 150,000 miles flying all over the United States, Europe, and Asia. The Post reported that some of the jet’s flights were merely to get it from one side of Los Angeles — where Musk lives in a five-mansion compound — to another.

From The Washing Post story:

Tesla said Musk never used the plane to fly between different spots in Los Angeles. But the jet would fly to meet him at a closer airport if, say, he began his workday at SpaceX’s office on the south side of L.A. and the plane was on the north side, the company said. Some of these repositioning flights only went about 20 miles, the aircraft data show.

Tesla, known in the investment world for its prodigious cash burning, has turned a profit only three times in its history, and never on an annual basis.

In June, the company laid off 9% of its workforce, and it laid off another 7% earlier this month. In a letter to employees announcing the most recent layoffs, Musk said there wasn’t “any other way.”

This story originally appeared on Business Insider.

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